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Edenred (OTCMKTS:EDNMY) Stock Crosses Below 50-Day Moving Average - Time to Sell?

Edenred logo with Business Services background

Shares of Edenred SE (OTCMKTS:EDNMY - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.89 and traded as low as $15.75. Edenred shares last traded at $16.10, with a volume of 999 shares trading hands.

Analyst Ratings Changes

Separately, Barclays downgraded Edenred from a "strong-buy" rating to a "hold" rating in a research report on Sunday, January 26th.

Read Our Latest Stock Analysis on Edenred

Edenred Trading Up 18.3 %

The firm's fifty day simple moving average is $16.82 and its 200 day simple moving average is $16.62.

About Edenred

(Get Free Report)

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children's educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.

See Also

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